Suppose That in 2015,ABC Corporation Produced $6 Million Worth of Natural

question 40

Multiple Choice

Suppose that in 2015,ABC Corporation produced $6 million worth of natural gas pipes but was able to sell only $5 million worth.Is the remaining $1 million of unsold pipes part of GDP for 2015?

• A)Yes,since changes in inventories are part of consumption expenditures.
• B)Yes,since they are part of the economy's output in 2015.
• C)No,since changes in inventories are part of actual investment.
• D)No,since they are part of the economy's output only when sold.
• E)No,since they are added to existing inventories.

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Definitions:

Naturalistic Observation

A research method wherein subjects are observed in their natural environment without any manipulation by the observer.

Social Skills

The abilities necessary to interact effectively and harmoniously with other people.

Intellectual Skills

The capacities and abilities related to the processing, understanding, and manipulation of concepts and abstract ideas.

Random Sampling

A method of selecting a sample from a population in which every member has an equal chance of being chosen.